Hobson Lucas Family Foundation
- Assets
- $1.2b
- Revenue
- $47.0m
- Investments
- $1.2b
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 08/2007
- Data as of
- 12/2020
- EIN
- 20-3940983
Organization Overview
Hobson Lucas Family Foundation is located in San Rafael, CA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobson Lucas Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Hobson Lucas Family Foundation generated $47.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $111.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hobson Lucas Family Foundation has awarded 585 individual grants totaling $166,744,069. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elbert Robinson Director | 1 | $0 | |
George W Lucas Jr President / Director | 1 | $0 | |
Michael Rider Treasurer | 1 | $0 | |
Mellody Hobson Vp/director | 1 | $0 | |
Andrea Wishom Vp/director | 1 | $0 | |
Kate Nyegaard Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pricewaterhousecoopers Llp | 12/30/21 | $141,393 |
Adler & Colvin | 12/30/21 | $76,819 |
Northern Trust | 12/30/21 | $4,962,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,037,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,941,063 |
| Capital Gain Net Income | $35,840,091 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,978,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,013,262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,350 |
| Total operating and administrative expenses | $4,391,658 |
| Contributions, gifts, grants paid | $106,901,933 |
| Total expenses and disbursements | $111,293,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,301,118 |
| Savings and temporary cash investments | $60,622,875 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,945 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $31,982,360 |
| Investments—other | $336,420,713 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,814,640 |
| Total assets | $1,224,427,404 |
| Accounts payable and accrued expenses | $15,187 |
| Grants payable | $97,844,734 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $97,859,921 |
Grants Awarded
Over the last fiscal year, Hobson Lucas Family Foundation has awarded $110,177,864 in support to 293 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL DONATION | $50,000,000 |
New York, NY PURPOSE: MARTIN SCORSESE VIRTUAL PRODUCTION CENTER | $15,000,000 |
SCHWAB CHARITABLE FUND PURPOSE: GENERAL DONATION | $5,408,000 |
SCHWAB CHARITABLE FUND PURPOSE: GENERAL DONATION | $5,257,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: USC DISCRETIONARY SUPPPORT ENDOWMENT (2019-23; $5M/YEAR) | $5,000,000 |
BARACK OBAMA FOUNDATION PURPOSE: GENERAL DONATION | $4,800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crankstart Foundation San Francisco, CA | $5,105,990,197 | $480,695,638 |
Conrad N Hilton Foundation Westlake Village, CA | $7,732,630,405 | $2,481,413,875 |
Good Ventures Foundation Palo Alto, CA | $4,383,621,636 | $449,683,738 |
The California Endowment Los Angeles, CA | $0 | $280,955,609 |
Sergey Brin Family Foundation San Francisco, CA | $4,934,252,269 | $912,518,052 |
James Irvine Foundation San Francisco, CA | $4,085,262,775 | $499,578,433 |
Columbia Lutheran Charities Astoria, OR | $246,096,987 | $180,771,261 |
Skoll Foundation Palo Alto, CA | $1,166,571,958 | $379,652,535 |
Broad Foundation Los Angeles, CA | $2,410,166,174 | $240,915,854 |
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |